There are adequate supplies in the domestic market in view of the bumper crop in 2016-17, he added.

Wheat import has not been much after the Customs duty was imposed. Prior to that, private traders had imported about 5.5 million tonnes at zero Customs duty till March-end, according to industry data.

Global prices of wheat are currently ruling high. For instance, prices of Australian wheat — which India normally imports — have gone up by 15-20 per cent due to likely lower crop. Some quantity of wheat from Ukraine is being imported, traders said.

The government has sufficient wheat stock as it has procured 30.8 million tonnes of the 2016-17 crop and prices are also ruling stable in the range of Rs 18-20 per kg in wholesale markets.